Skip to main content

Royal Imtech declared bankrupt

Royal Imtech has announced that it, Imtech Capital, Imtech and Imtech Group have been declared redundant as of 13 August. The group states that this does not affect its Traffic & Infra division. The group’s Marine and Nordic divisions have been set outside of the group under the control of Imtech's financiers with a view to their sale to third parties to ensure as much as possible the continuation of their businesses and the continued employment of their 7,300 employees. Imtech, with Visser and Smit
August 14, 2015 Read time: 1 min
Royal 769 Imtech has announced that it, Imtech Capital, Imtech and Imtech Group have been declared redundant as of 13 August. The group states that this does not affect its Traffic & Infra division.

The group’s  Marine and Nordic divisions have been set outside of the group under the control of Imtech's financiers with a view to their sale to third parties to ensure as much as possible the continuation of their businesses and the continued employment of their 7,300 employees.

Imtech, with Visser and Smit, is a member of the consortium building the Amsterdam north-south subway. According to Dutch broadcaster NOS, both companies are contractually obligated to continue work if one of the parties goes bankrupt, meaning that Visser and Smit will take over the project.

For more information on companies in this article

Related Content

  • IBTTA explains INVEST in America Act 2021
    June 23, 2021
    Mark Muriello, IBTTA director of policy & government affairs, outlines some of the key tolling points of the US House Transportation & Infrastructure Committee’s INVEST in America Act 2021
  • Philips boosts business
    April 23, 2012
    Royal Philips Electronics is boosting its portfolio with a move to acquire Indal, a leading Spanish professional luminaires supplier. The two firms have made an agreement over the proposed acquisition deal. Indal’s product line centres on outdoor lighting solutions and this acquisition will boost both the product range and geographical spread for Philips within the European market.
  • Phoenix rises to the Smart City challenge
    December 10, 2015
    Andrew Bardin Williams looks at the City of Phoenix where voters backed a $30bn plan to revamp its transportation network to cultivate a more connected community. According to a Land Use Institute study, half of all Americans and even more millennials (63%) would like to live in a place where they do not need to use a car very often. The City of Phoenix is putting in place plans to revamp its urban development and transportation policies to meet these changing quality of life perceptions.
  • WTS International: Attract, Connect, Sustain, Advance
    December 7, 2022
    WTS International exists to connect transportation professionals, and to help prepare the next generation of the mobility workforce. But it takes everyone to create change, says Lindsay Shelton-Gross